Michael Franco compensation by year
VORNADO REALTY TRUST Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $1,038,462 | $1,000,000 | $1,000,000 | $1,000,000 | $775,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Bonus | $1,462,522 | $1,462,557 | $1,368,776 | $1,375,530 | $1,355,650 | $1,440,912 | $1,500,000 | $2,900,000 | $1,500,000 | $1,753,356 |
| Stock awards | $2,765,961 | $2,846,165 | $2,941,789 | $6,177,049 | $3,013,481 | $1,929,213 | $2,117,143 | $6,661,826 | $0 | $0 |
| Option awards | $0 | $0 | $0 | $1,502,169 | $0 | $0 | $0 | $6,610,500 | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $33,346 | $32,884 | $37,627 | $42,541 | $70,823 | $71,120 | $71,790 | $67,885 | $48,187 | $48,626 |
| Total | $5,300,291 | $5,341,606 | $5,348,192 | $10,097,289 | $5,214,954 | $4,441,245 | $4,688,933 | $17,240,211 | $2,548,187 | $2,801,982 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: VORNADO REALTY TRUST DEF 14A filed April 7, 2026, accession 0001104659-26-040386, and prior-year filings. Open the filing on EDGAR.
How this page was built: the VORNADO REALTY TRUST filed document, accession 0001104659-26-040386. Every figure is read from that document and cited to the page and table it appears in. Filed April 7, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 325,000 | $10,816,000 | — |
| PSU | 98,912 | $3,291,775 | — |
| PSU | 43,119 | $1,435,000 | — |
| RSU | 28,293 | $941,591 | — |
| PSU | 17,095 | $568,922 | — |
| RSU | 5,782 | $192,425 | — |
| Option | 1,972,483 | — | $16.68 |
Per the Outstanding Equity Awards at Fiscal Year-End table in VORNADO REALTY TRUST's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
VORNADO REALTY TRUST’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Steven Roth | Chairman and Chief Executive Officer | $3,135,628 |
| Glen Weiss | Executive Vice President—Office Leasing, Co-Head of Real Estate | $3,110,596 |
| Michael Franco · this page | President and Chief Financial Officer | $2,801,982 |
| Barry Langer | Executive Vice President—Development, Co-Head of Real Estate | $2,775,894 |
| Haim Chera | Executive Vice President—Head of Retail Leasing | $2,682,884 |
Michael Franco's compensation dossier, VORNADO REALTY TRUST
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are VORNADO REALTY TRUST's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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